23/01/2023 Aptos Token Price Doubles in Two Weeks Amid Strong NFT Interest

NFT markets on Aptos are seeing growth among Crypto Twitter community users.

Aptos (Danny Nelson/CoinDesk)

An Aptos-branded hat. (Danny Nelson/CoinDesk)

Layer 1 blockchain Aptos’ APT tokens is up 250% in just 14 days even as the broader crypto market grapples with bankruptcies, lawsuits and a decline in overall sentiment.

The tokens command a market capitalization of over $2.3 billion on Monday, making Aptos the 30th-most valued network based on current token supply, and have a fully diluted valuation of $14 billion based on their total supply.

Prices trade just shy of $14 on Monday, up from last week’s $7 and over 300% from November’s $3 lows, perCoinDesk data. The move was primarily led by spot tokens, as APT futures markets remained relatively muted.

NFT markets on Aptos appear to have contributed to that growth. Data from Aptos NFT marketplace Topazshowcollections such as Aptomingos – a set of comic flamingos – and Aptos Monkeys attracted tens of thousands in trading volume in the past 24 hours, with the minimum prices of several NFT projects rising in the past week.

Some popular traders on Crypto Twitter expectinterest in Aptos NFTsto surge in the coming days. Flipping NFTs – a term for quick buying and selling of an asset – built on the network have steadily become trendy among opportunistic traders,several tweetsby various community members suggest.

You're about to see a bunch of Aptos NFTs flood the market over the next few days/weeks imo.

Where there's a massive pump, there's [sudden] massive interest and innovation.

It's all genuine and we're all here for the uhhh tech.

— Loma (@LomahCrypto)January 22, 2023

The Aptos mainnet was launched on Oct.18 to reasonable scrutiny andtechnical difficulties. Some criticized the way APT tokens were distributed: Investors and the Aptos Foundation received almost half the 1 billion tokens issued, leading to concerns that investors and the foundation could potentially liquidate their tokens, which would trigger a negative market reaction.

The team, on its part, defended the token distributions citing adequate lock-up periods put in place to prevent any large investor from dumping thier holdings en masse. "Our goal when we designed the tokenomics was to create something that fairly represents the community," Aptos CEO Mo Shaikh told CoinDesk in an interview.

"If you look at our tokenomics distribution, we have among the lowest across any blockchain for investors. ... It's among the most fair that we have seen even compared to other projects,” Shaikh claimed at the time.

Arts

https://www.coindesk.com/markets/2023/01/23/aptos-token-prices-double-in-two-weeks-amid-strong-nft-interest/

Interesting NFTs
Wink
The eye of providence blinks. Originally posted to tumblr June 26, 2012.
CryptoKitties
What's up! I'm Kitty #434296. I'm often referred to as the Cersei Lannister of the group. When my owner isn't watching, I steal their brooches and use them for litter paper. I'm not sorry. Will you be the marmalade to my ranch dressing?
Nirvana No.1
Nirvana No.1 Auction Ends with Lucky 07-07-2021 Good Luck
Chromie Squiggle #7583
Simple and easily identifiable, each squiggle embodies the soul of the Art Blocks platform. Consider each my personal signature as an artist, developer, and tinkerer. Public minting of the Chromie Squiggle is permanently paused. They are now reserved for manual distribution to collectors and community members over a longer period of time. Please visit OpenSea to explore Squiggles available on the secondary market.
Cypher::Prophet
Cypher::Prophet is an artwork dedicated to the punk origins of blockchain designed and realized by hackatao and hex6c. In the transposition into images we started from the iconographic canons of the hacker (hoodie, laptop, cryptographic elements) and associated them with the figure of the prophet, thus highlighting the predictive nature of the works of Eric Hughes (Cypherpunk Manifesto, 1988) and Timothy C. May (Crypto Anarchist Manifesto, 1993) as well as of the blockchain inventors Stuart Haber and Scott Stornetta (How to Time-Stamp a Digital Document, The Journal of Cryptography, 1991). Read the full story on https://medium.com/@hex6c/cypher-prophet-the-punk-origins-of-blockchain-1e8fce311e72